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Horror Story

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By Barry Ritholtz - January 17th, 2009, 9:13AM

Bespoke Investment Group notes that in less than two years, the market cap of the S&P financial sector has shrunk to $959 billion from nearly $3 trillion at its May 2007 peak.

Citigroup has lost in value close to 10 times its current market cap.

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Source:
Parade of the Basket Cases
ALAN ABELSON
Barrons JANUARY 17, 2009

http://online.barrons.com/article/SB123215043364592063.html

PERMALINK
Category: Bailouts, Credit, Digital Media.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Horror Story”

  1. victorberry Says:
    January 17th, 2009 at 3:33 pm

    Does this mean that they are now NOT too big to fail?

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